Question

The banking industry has implemented several competitive advantages including ATM's, online bill pay services, and electronic statements. Of course, these competitive advantages were quickly duplicated by any competitor that wanted to remain in the banking industry. These were all examples of ________ competitive advantages.

Answer 1

Answer:

acquiring new technology products and services  in order to gain a competitive advantage

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question these were all examples of acquiring new technology products and services  in order to gain a competitive advantage. This is because any aspect that is added to a business in order to gain more customer and in which no other competitors have this aspect, is considered a competitive advantage.

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